INVESTMENT SUBCOMMITTEE MEETING MINUTES
|Date: September 18, 2013||Time: 2:00 p.m.|
|X Regularly Scheduled||__ Special|
|Attendees:||Was a quorum present? Yes|
|Charlie Casella||Kay Carey-Reid, ING|
|Steven Greatorex||Jeff LaFave, ING|
|Robert Baus||Lisa Gillarde, ING|
|James Dzurenda||Bill Cottle, Milliman (by phone)|
|Thomas Woodruff, Director, HPBSD|
|Margaret Haering, Assistant Director, HPBSD|
|Brenda Halpin, Director, RSD|
Matters Discussed: Bill Cottle reviewed the plan'S investment line-up and recommended that several funds, the Hartford Capital Appreciation, Fidelity VIP Mid-Cap and Fidelity VIP Contrafund, should be reviewed more closely. Bill also suggested that the committee might want to consider adding an opportunistic fund to the fixed income line-up. Lisa Gillarde reviewed the ING fund report card for the funds in our investment line-up.
Lisa concurred with Bill Cottle'S analysis on the funds to be watched. We also discussed the Morningstar Portfolios and plans to encourage more employees to take a look at them to increase diversification.
The next meeting is scheduled for November 20, 2013. It will be held at ING'S headquarters in Windsor.
Materials Reviewed: ING Investment Information Review; Milliman Report, ING
3rd quarter newsletter.
Decisions voted upon:
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